Creating a Responsible Payment Culture

Small Business Commissioner David Eaton warns that the traditional technique of stretching working capital by delaying payments to creditors presents reputational risks, and boards of organisations need to prioritise creating a responsible payment culture.

Late payments to small businesses from their larger business customers have long been one of the sharpest thorns in the side of small operators in Australia and internationally. As our nation works towards economic recovery from the COVID-19 pandemic, the impacts of late payments must be urgently addressed.

Read More: https://www.smallbusiness.wa.gov.au/blog/creating-responsible-payment-culture